The GBP/USD currency pair is currently experiencing significant downward pressure, successfully reaching our initial target of $1.3000. The price is now attempting to break this level, reinforcing expectations for a continued corrective bearish trend, with a subsequent target of $1.2866.
We will maintain our bearish outlook for today unless the price rises above $1.3110 and sustains above that level.
Today’s expected trading range is between $1.2940 (support) and $1.3070 (resistance).
Trend Outlook: Bearish
Related topics: